Dr Frank Appel
Chief Executive Officer
9 May 2011
First quarter of 2011
Your company has started the year 2011 just as successfully as it ended the past financial year. Consolidated revenue rose by 6.9% to €12.8 billion and EBIT was up by an impressive 22.9% to €629 million compared with the same period last year. This demonstrates that our favourable international position allows us to benefit overproportionally from the sustained economic recovery.
Our mail business performed solidly, despite the fact that we have been required to apply value added tax to revenues generated with business customers since mid-2010. What is more, we are reaping the rewards of the boom in e-commerce with strong revenue growth in our parcel business. We saw substantial growth in our DHL divisions, especially in the key growth markets of Asia.
The challenges we faced in the past are now behind us. We have completed the majority of our restructuring initiatives, we have developed innovative products such as E-Postbrief and we have streamlined and optimised our processes. Now we are focusing all efforts on profitable growth. Asia remains the key for our express and logistics business.
We have just the right man for this job. Roger Crook, our new Board member for GLOBAL FORWARDING, FREIGHT, is well acquainted with the region. He not only headed up our express business there in his previous position, he now works out of both Bonn and Singapore and is therefore closer to our customers and markets.
As a logistics company, we have to stay flexible in order to respond quickly to events such as the devastating earthquake in Japan or the recent political unrest in various regions. Finding new ways to offer customers rapid solutions without risking the safety of our employees or the goods we transport is the ultimate art of logistics – and we have mastered this art.
That is why I am convinced that we will successfully continue on our growth course. We confirm our expectation that consolidated EBIT will reach between €2.2 billion and €2.4 billion in financial year 2011.